According to Zacks, “J2 Global faces risks related to macroeconomic factors such as credit market weakness and high reliability on selected telecommunication carriers in each geographic network. A challenging economic environment might threaten the company’s performance considering it has a vast majority of credit-sensitive customers from lending and mortgage industries and other financial institutions. Additionally a high level of reliance on select telecommunication carriers might pose risks in future if any issues arise related to acquisition of local numbers. Though we are impressed by the company’s acquisition policy, the aforementioned risks continue to remain a concern.”
A number of other analysts also recently issued reports on JCOM. Citigroup Inc. reiterated a buy rating on shares of j2 Global in a report on Saturday, July 9th. Robert W. Baird began coverage on shares of j2 Global in a report on Tuesday, August 30th. They issued an outperform rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $85.17.
j2 Global (NASDAQ:JCOM) opened at 64.73 on Tuesday. j2 Global has a 1-year low of $55.43 and a 1-year high of $84.15. The firm has a market capitalization of $3.11 billion, a PE ratio of 23.29 and a beta of 1.11. The company’s 50-day moving average is $67.28 and its 200 day moving average is $65.20.
j2 Global (NASDAQ:JCOM) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.06. The company earned $211.80 million during the quarter, compared to analysts’ expectations of $206.41 million. j2 Global had a net margin of 17.16% and a return on equity of 24.28%. The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. On average, equities analysts expect that j2 Global will post $4.90 EPS for the current fiscal year.
In related news, Director Stephen Ross sold 19,836 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $67.84, for a total transaction of $1,345,674.24. Following the transaction, the director now directly owns 28,107 shares in the company, valued at $1,906,778.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeremy Rossen sold 1,014 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $67.01, for a total transaction of $67,948.14. Following the transaction, the vice president now owns 24,708 shares in the company, valued at $1,655,683.08. The disclosure for this sale can be found here. Corporate insiders own 5.11% of the company’s stock.
A number of institutional investors have recently modified their holdings of JCOM. AXA purchased a new position in shares of j2 Global during the first quarter worth $6,811,000. Lazard Asset Management LLC increased its position in j2 Global by 0.5% in the first quarter. Lazard Asset Management LLC now owns 378,247 shares of the company’s stock valued at $23,292,000 after buying an additional 1,705 shares in the last quarter. State Street Corp increased its position in j2 Global by 1.6% in the first quarter. State Street Corp now owns 1,541,166 shares of the company’s stock valued at $94,903,000 after buying an additional 24,835 shares in the last quarter. Menta Capital LLC bought a new position in j2 Global during the first quarter valued at approximately $462,000. Finally, Royce & Associates LP increased its position in j2 Global by 43.3% in the first quarter. Royce & Associates LP now owns 316,999 shares of the company’s stock valued at $19,521,000 after buying an additional 95,790 shares in the last quarter.
About j2 Global
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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